Required information E10-6 (Algo) Determining and Recording the Financial Statement Effects of Deferred Revenue [LO 10-2] [The following information applies to the questions displayed below.] The Riesen Publishers (TRP) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues Irom our magazine subseription services are deferred initialiy. and later rocopnized an revenue as subseription Bervicen are provided. Assume TRP (b) collected $560 million in 2021 for magazines that will be distributed later in 2021 and 2022, (b) provided $274 million of services on these subscriptions in 2021, and ( c provided $286 million of services on these subscriptions in 2022 10-6(Algo) Part 2 Using the information glven, prepare the journal entries that would be recorded for (a), (b), and ( C. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet 23 Record the collection of $560,000,000 for magazine subscriptions to be delivered later in 2021 and 2022. Journal entry worksheet Record the collection of $560,000,000 for magazine subscriptions to be delivered later in 2021 and 2022. Note: Enter debits before credits. Journal entry worksheet Record the service revenue of $274,000,000 earned in 2021 . Note: Enter debits before credits. Journal entry worksheet